Technical analysis by daytradetraining about Symbol PAXG: Buy recommendation (3/2/2024)

Hello traders , Obviously the GOLD is still in uptrend . Be aware after advancing stage will experience the distribution stage , so the fluctuation on price will be less and the price more stable . But we expect some pullback from Resistance zone . I see strong support above 2050 zone plus the RSI is already overbought so eventually the retracement has been already started . The price will retest twice the support zone before we continue again to Resistance . Double bottom is one of the famous pattern of GOLD .If this post was helpful for you , please don’t forget to like and share your comments . Thanks .